Analysts from Maybank Securities and PhillipCapital have maintained their respective "buy" calls and target prices on LHN following its 1HFYF2025 numbers that were in line with expectations.
For the six months to March 31, LHN reported earnings of $14.1 million, up 8.8% y-o-y, while revenue was up 29.4% y-o-y to $70.6 million, driven by contribution from its space optimisation business.
Its property development business segment helped with maiden revenue of $12.1 million, with the sale of some strata units in a factory at 55 Tuas South Avenue 1.
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